Having a solid business plan is vital if you are seeking funding for your business. Let Equire guide you through the core elements of building a credible business plan. 

6 CORE ELEMENTS OF A SOLID BUSINESS PLAN

Executive Summary 

Describe your business and what you are doing. A good executive summary will include the market problem and your intended solution.
NOTE: First impressions count! 

Industry & Competition 

Define your niche. Know your industry and on what terms it operates, like pricing and demand. Identify your competition and how you distinguish from them. 

Execution

How will you sell your product or service? Which methods will you utilize to market your product or service that will bring the best return on your investment? 

Organization 

Determine the responsibilities for each member in your team. If you are just starting out, tell your story of what brought you to this point. 
NOTE: Lenders are interested in the people behind the business as much as in the business itself. 

Financial Status

Sum up the profits and loss of your business until now, and create a projection of funds you need to continue operating. Include all the financial details of your company. 

Appendix 

Collect reference documents, legal agreements, statements, charts, collateral and other resources that support your business plan. 

A solid business plan is essential when trying to acquire funding for your business. Equire Inc will guide you through the process of securing the best loan option for your business.

Have you written a solid business plan for starting a new business? Let EquireInc. help you and guide you through the 6 core elements of building a solid business plan.

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